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XRP/USD Ripple Forecast and Analysis February 2, 2021

Ripple's forecast for tomorrow 02/02/2021 is based on XRP/USD quotes of $ 0.3975.

The story is still ongoing with WallStreetBets investors, who unite through Reddit and agree on which cryptocurrency will be pumped. That is, to buy at the same time. A surge in liquidity leads to an increase in prices, which is what we see on the chart. However, there were no fundamental factors for the Ripple rate to remain at $ 0.75. That is why, as soon as everyone involved in Wall Street's punishment spent their money, the course returned to its original position.

XRP/USD Ripple Forecast and Analysis February 2, 2021

There is still a risk of a drop in Ripple's price, as the investigation launched by the US Securities Commission is still pending.

The screenshot shows that the Ripple rate has fallen by 78% from the previous upward jump. The 0.36 level acts as a support.

A rebound from the resistance level is expected. The amount of growth in the Ripple rate in the following days determines whether the trend will continue - upward or downward. As a result, the Ripple rate may fall to $ 0.1.

The support level is $ 0.5. If the XRP/USD quotes are fixed above this level, the upward trend may continue and an attempt to update the absolute maximum, the resistance level of $ 0.75.

Thus, the forecast for the Ripple XRP/USD rate for February 2 suggests an attempt to test the resistance level of $ 0.5.

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